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Howard Kung

Associate Professor of Finance

BA (Virginia) PhD (Duke)

Dr Howard Kung joined the School in August 2014, after two years at the University of British Columbia, Sauder School of Business. He completed his PhD in Finance at Duke University and prior to his doctorate, he studied Mathematics and Economics at the University of Virginia. Howard’s research focuses on macro-finance and asset pricing. It encompasses monetary/fiscal policy, industrial organisation, and its interaction with asset pricing and firms’ investment. He has published his research in top journals such as the Review of Financial Studies, the Journal of Financial Economics, the Journal of Finance, and the Journal of Monetary Economics. His research has been covered in major media outlets such as the Wall Street Journal, CNBC, Reuters, Forbes, and Bloomberg. Howard teaches in the MBA and PhD programmes.

 

  • Masters Degrees core courses

    A key part of our Masters programmes curriculum.

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    • Finance II
      Explore capital structure choice studying the seminal Miller and Modigliani (MM) Theorem, which provides the conditions under which project choice and financing choice can be separated. Then, focus on the concept of optionality and how to apply it to both financial assets. Cover standard options, apply these insights to risk management and discuss corporate risk management, with a focus on the strategic decision of whether a firm should hedge its risk exposures. Develop your own view on the optimal capital structure for a corporation Understand the importance of asymmetric information and signalling in capital markets and financing; Understand the ideas underlying option pricing ; Apply option pricing to financial and real options
      PROGRAMMES WITH THIS CORE COURSE
    • Financial Economics I/Asset Pricing
      Financial Economics I/Asset Pricing
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Teaching portfolio

Our teaching offering is updated annually. Faculty and programme material are subject to change.